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Cryptocurrency News Articles
Ripple (XRP) Might Still Be a Top 10 Cryptocurrency, but Its Metrics Say Otherwise as Its Growth Stagnates, Winning the Title “Dead Money.” Meanwhile, IntelMarkets (INTL) is Turning the Crypto World Upside Down with a Massive 50x Pump, Outpacing Even Lite
Oct 24, 2024 at 05:00 am
Ripple (XRP) being part of the top 10 cryptocurrencies has underperformed the most among all with minimal price fluctuations.
Ripple (XRP) might still be among the top 10 cryptocurrencies, but a closer examination of its metrics reveals a tale of minimal growth, earning it the moniker “Dead Money.” On the other hand, IntelMarkets (INTL) is making waves in the crypto world with a staggering 50x pump, leaving even Litecoin (LTC) in the dust. Let’s delve into the specifics of these unfolding trends.
XRP Price Stuck: How Ripple's Legal Battles Are Impacting Its Performance
Despite being part of the top 10 cryptocurrencies, Ripple (XRP) has exhibited the weakest performance among them, showing minimal price movements.
Over the last two weeks, the asset has been locked in a downtrend, failing to overcome local resistance levels. Although bulls have attempted to counter the trend, XRP is still unable to pump higher, leaving investors concerned about the potential for a prolonged downturn.
The asset has faced difficulties several times in breaking above significant levels, with the 200 EMA now acting as a strong resistance barrier. If XRP fails to pump past this crucial EMA level, the chances of a price rebound seem slim.
In the ongoing legal battle between Ripple (XRP) and the SEC, there have been some recent developments. Ripple filed a formal cross-appeal against the SEC in the Southern District of New York. This cross-appeal aims to transfer the matter to the Second Circuit Court of Appeals.
Specifically, the cross-appeal pertains to the SEC’s October 2 appeal and contests a federal judge's decision that fined Ripple a substantial $125 million for alleged securities law breaches. Further developments are waiting for the market to react.
Canary Capital Files for Litecoin ETF: What's Next for LTC?
The well-established giant crypto Litecoin (LTC) recently celebrated its 13th birthday. They also acknowledged their recent milestone including 77 million transactions, 100% uptime, and privacy improvement with the MWEB update.
This celebration coincides with Canary Capital’s filing with the Securities Commission for a Litecoin ETF, making this celebration a little more interesting. According to CoinMarketCap data, the Litecoin (LTC) price recently surged to a weekly top of $74 following the buzz around this news and community excitement.
The cryptocurrency charts are now green on weekly and monthly timeframes reflecting a bullish outlook. The 14-day RSI is also surging and has surpassed 60, which is another factor contributing to Litecoin’s (LTC) price surge.
IntelMarkets (INTL) Raises $1.5M in Days: What’s Driving Its Success?
While Litecoin (LTC) being an established player in the crypto market has been surging lately, surprisingly a newcomer has clouded its big gains with its 50x pump. Coming into the picture is IntelMarkets (INTL), a recently introduced crypto project that has gained a lot of attention from investors all over the world.
IntelMarkets (INTL) is being talked about for all the right reasons including its innovative AI-powered trading platform offering as well as its incredible growth momentum. In just a few days of its public presale launch, Intel managed to raise over $1.5M in funding, ascending to the top 1% of the ICO world.
This enormous funding reflects nothing but investors’ trust and confidence in Intel’s innovative approach to the trading world. Its upcoming trading platform aims to provide traders with tools and features that were reserved for institutional traders only. This will bring everyone to the same platform, giving them a chance to maximize their profit potential.
These institutional-level features will include up to 1000x leverage, AI-trained robots, dual-chain trading options, multichannel analysis, accurate and precise trading signals, and much more. These all are collectively aiming for just one thing – for you to have 100% profits on each trade.
Its presale is rapidly selling, investors are rushing in to fill their bags with INTL and become an early investor in this one-of-its-kind project.
Discover More About Intel Markets: Presale: https://intelmarketspresale.com/ Buy Presale: https://buy.intelmarketspresale.com/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets
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- Tesla Still Holding Its $780M Bitcoin Stash, Despite Moving the Funds to New Wallets: Arkham Intelligence
- Oct 24, 2024 at 12:20 pm
- Blockchain analytics firm Arkham Intelligence has, on the microblogging platform X, recently revealed it believes Tesla's wallets movements “were wallets rotations with the Bitcoin still owned by Tesla.”
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- 2024 Crypto Market Predictions: Qubetics, Chainlink, Cardano, and Ethereum Poised for Explosive Growth
- Oct 24, 2024 at 12:20 pm
- As the cryptocurrency market heats up, analysts are keeping a close watch on key projects poised for explosive growth. In this article, we dive into the latest predictions for Qubetics, Chainlink, Cardano, and Ethereum.
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- BTC Market Anticipates Extra Volatility and More Liquidity as Regulator Approves More U.S. Spot Bitcoin (BTC) ETF Options
- Oct 24, 2024 at 12:20 pm
- Market commentaries have piled in as the regulator approved more U.S. spot Bitcoin [BTC] ETF options. On the 18th of October, the U.S. Securities and Exchange Commission (SEC) gave a go-ahead for the products on the NYSE (New York Stock Exchanges) and Cboe (Chicago Board Options Exchange).